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Financial News: Singapore Wholesale Trade Surges In Q4

Singapore Wholesale Trade Surges In Q4

02/20/2017 - 00:22:00 (RTTNews)

(RTTNews) - Singapore's domestic wholesale trade grew sharply in the three months ended December, data from the Department of Statistics showed Monday.

At current prices, domestic wholesale sales climbed 10.3 percent quarter-on-quarter in the fourth quarter, much faster than the 0.7 percent rise in the previous quarter.

General wholesale trade alone jumped 28.2 percent over the quarter and sale of ship chandlers and bunkering expanded by 20.1 percent.

Excluding petroleum, wholesale trade rose 5.4 percent from the third quarter, while those of food, beverages and tobacco registered a decline of 2.4 percent.

On an annual basis, domestic wholesale trade remained flat in the fourth quarter, following a 1.3 percent plunge in the preceding quarter.

Foreign wholesales sales logged a growth of 9.1 percent each yearly and monthly in the December quarter.

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